German firms have expressed their optimism about Vietnam’s economy in both mid-and long terms in a recent survey released by the Association of German Chambers of Industry and Commerce (DIHK) on May 12.
HCM City (VNA) – German firms have expressedtheir optimism about Vietnam’s economy in both mid-and long terms in a recentsurvey released by the Association of German Chambers of Industry and Commerce(DIHK) on May 12.
According to the survey, 66 percent of respondentssaid Vietnam’s economy will see significant improvements this year, as comparedwith only 46 percent recorded last year.
One third of them held that the economy will recoverin the first half of this year, and 30 percent believed that the recovery willbegin in 2022.
More than half of the firms said their business inVietnam is running smoothly, while only 11 percent have experienced lowerrevenue.
Besides, 47 percent of the enterprises intend toexpand their business in the country and half of them will recruit moreemployees in 2021 and 2022. Notably, 67 percent expect to diversify theirsupply chains by seeking new suppliers, change logistics goods transportation routesor increase their stockpile.
However, the survey unveiled that a shortage ofskilled labourers and declining consumption have remained the biggestchallenges for German firms in Vietnam, with up to 42 percent of them said theyare meeting difficulties in employing high quality personnel, up from 18percent last year.
Other issues regarding economic policy, financialapproach, legal safety and infrastructure, plus border closure, consumptiondecline and the cancellation of exhibitions and trade events due to COVID-19have also significantly affected their business.
The survey outcomes have demonstrated the efficiencyof the Vietnamese Government’s drastic policies and guidelines to fight thepandemic and reboot the national economy.
The Government has created optimal conditions forforeign investors and enterprises to operate in the country.
The implementation of the EU-Vietnam Free TradeAgreement (EVFTA) and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) is expected to raise the country’s GDP by 3.2percent for 2021-2030./.
The Vietnam Farmers’ Union (VFU) and German Farmers’ Association (DBV) held a workshop in Hanoi on October 4 to share experience in developing value chains in agricultural production.
A pilot project of Germany on training Vietnamese nurses has proved effective, as heard a seminar reviewing the project recently held by the German Federal Ministry for Economic Affairs and Energy in Berlin.
Vietnamese Ambassador to Germany Nguyen Minh Vu on March 22 made a working visit to Erfurt city in German state of Thuringen within the framework of the programmed aimed at intensifying the relations between the country and the state.
Vietnam and Germany’s Sachsen-Anhalt State havegreat potential for cooperation in various fields such as renewable energy, vocational training, chemical production and machinery manufacturing, said Ambassador to Germany Nguyen Minh Vu.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Illustrative image (Photo: VNA) 
